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$2,300,000

For Sale - Active
807 S Bay Blvd, Anna Maria, FL 34216
3 Beds
2 Baths
1,969 Square Feet
0.24 Acres Lot
Built in 1981
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Jul 04, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$7,932
Cap Rate
2.0%
Cash-on-Cash Return
-18.0%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.4%

Property Description


0.24 Acres Lot
Built in 1981
For Sale - Active
1 Units

Elevated Island Dream on Anna Maria! Embrace the quintessential Anna Maria Island lifestyle in this beautifully UPDATED and ELEVATED 3-bedroom, 2-bathroom CANAL-FRONT home, featuring a bonus room and 3rd bathroom, and a private elevator. Located on a generous lot on the desirable north end of the island, this property offers stunning bay views and direct boating access w/ a private dock, floating dock, and a 10,000 lb boat lift. Enjoy seamless indoor-outdoor living, perfect for entertaining or relaxing by the water. Updated and additions in 2016, this lovely home provides modern amenities and a comfortable coastal atmosphere that is move-in ready. Additional offerings include hardwood flooring throughout, impact windows/doors, 500 gallon propane tank (fireplace, stove and future pool heat), high end kitchen appliances, interior washer/dryer closet, and an extra large 2 car garage to store all of your beach toys/fishing gear and golf cart! With ample space to add a POOL (pool drawings attached and propane ready), you can create your own backyard sanctuary. Boaters will revel in the direct access to the bay, while families and retirees alike will appreciate the serene island setting. Whether you seek a tranquil vacation retreat, a savvy investment (zoned for 1-7 night rentals), or a permanent slice of paradise, this Anna Maria Island gem delivers! Contact me today to schedule your private viewing.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Boat, Circular Driveway, Covered, Driveway, Garage Door Opener, Golf Cart Garage, Open, Oversized, RV Access/Parking, Garage, Tandem, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 69129.10350
  • Lot Size: 10650 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Elevated
  • Year Built: 1981

Tax Information

  • Annual Tax: $10,935

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Manatee

Listing Details


Listed by:
Lindsey Strickland
DUNCAN REAL ESTATE, INC.
(941) 737-3491

Source:
Stellar MLS
MLS#: A4644312
Stellar MLS

Investment Summary


Monthly Cash Flow
-$7,932
Cap Rate
2.0%
Cash-on-Cash Return
-18.0%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.4%

Purchase Details

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Purchase price:
$2,300,000
Amount financed:
-$1,840,000
Down payment:
$460,000
Closing costs:
$69,000
Rehab costs:
$0
Initial cash invested:
$529,000
Square feet:
1,969
Cost per square foot:
$1,168
Monthly rent per square foot:
$3.50

Financing Details

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Loan amount:
$1,840,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$11,782
Property tax:
$911
Insurance:
$483
Private mortgage insurance (PMI):
$0
Monthly payment:
$13,176

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,900 $82,800
Vacancy loss: (6%)
6% -$414 -$4,968
Operating income:
$6,486 $77,832

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$911-$10,935
Insurance: (7%)
7%-$483-$5,796
Property management: (8%)
8%-$552-$6,624
Repairs & maintenance: (5%)
5%-$345-$4,140
Capital expenditures: (5%)
5%-$345-$4,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$2,636-$31,635

Cash Flow


Monthly Yearly
Net operating income:
$3,850 $46,200
Mortgage payments:
-$11,782 -$141,384
Cash flow:
$7,932 $95,184